The consumer price index will either make or break the Treasury market rally, participants said. Prices ended yesterday's session narrowly mixed with the 30-year bond closing unchanged, to yield 5.87%.

The closely watched barometer of retail prices, which is being released this morning, is the next hurdle that the market must clear on its move down to lower yields. * Should the report mirror the producer price index and indicate that inflation is not heating up, debt market participants believe bond yields will get the tailwind they need to reach 5 3/4% in coming sessions.

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